Upcoming Dividend • 18h
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 28 August 2026. Payment date: 15 September 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.3%). Declared Dividend • Jul 31
Second quarter dividend of US$0.79 announced Shareholders will receive a dividend of US$0.79. Ex-date: 28th August 2026 Payment date: 15th September 2026 Dividend yield will be 8.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 61% over the next year. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: US$1.48 (vs US$0.22 in 2Q 2025) Second quarter 2026 results: EPS: US$1.48 (up from US$0.22 in 2Q 2025). Revenue: US$116.2m (up 61% from 2Q 2025). Net income: US$60.5m (up US$51.6m from 2Q 2025). Profit margin: 52% (up from 12% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 46% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Jul 29
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended June 30, 2026, Payable on September 15, 2026 The Board of Directors of Ardmore Shipping Corporation declared a cash dividend on July 29, 2026 of $0.79 per common share for the quarter ended June 30, 2026. The dividend will be paid on September 15, 2026, to all shareholders of record on August 28, 2026. Annuncio • Jul 23
Ardmore Shipping Corporation to Report Q2, 2026 Results on Jul 29, 2026 Ardmore Shipping Corporation announced that they will report Q2, 2026 results Pre-Market on Jul 29, 2026 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €12.56, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €13.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 47% over the past three years. Declared Dividend • May 20
First quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 29th May 2026 Payment date: 12th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 21% over the next year. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range. Annuncio • May 09
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended March 31, 2026, Payable on June 12, 2026 Ardmore Shipping Corporation declared a cash dividend on May 7, 2026 of $0.39 per common share for the quarter ended March 31, 2026. The dividend will be paid on June 12, 2026, to all shareholders of record on May 29, 2026. Annuncio • May 05
Ardmore Shipping Corporation, Annual General Meeting, Jun 15, 2026 Ardmore Shipping Corporation, Annual General Meeting, Jun 15, 2026. Location: dorchester house, 7 church street, hm 11, hamilton Bermuda Annuncio • Feb 12
Ardmore Shipping Corporation Declares Cash Dividend, Payable on March 13, 2026 Ardmore Shipping Corporation declared a cash dividend on February 12, 2026 of $0.09 per common share for the quarter ended December 31, 2025. The dividend will be paid on March 13, 2026, to all shareholders of record on February 27, 2026. Annuncio • Nov 05
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended September 30, 2025, Payable on December 12, 2025 Ardmore Shipping Corporation Board of Directors declared a cash dividend on November 5, 2025 of $0.10 per common share for the quarter ended September 30, 2025. The dividend will be paid on December 12, 2025, to all shareholders of record on November 28, 2025. Annuncio • Oct 23
Ardmore Shipping Corporation to Report Q3, 2025 Results on Nov 05, 2025 Ardmore Shipping Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 05, 2025 Annuncio • Jul 17
Ardmore Shipping Corporation to Report Q2, 2025 Results on Jul 30, 2025 Ardmore Shipping Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Annuncio • May 06
Ardmore Shipping Corporation, Annual General Meeting, Jun 17, 2025 Ardmore Shipping Corporation, Annual General Meeting, Jun 17, 2025. Location: dorchester house, 7 church street, hamilton hm 11, Bermuda Annuncio • Apr 24
Ardmore Shipping Corporation to Report Q1, 2025 Results on May 07, 2025 Ardmore Shipping Corporation announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Annuncio • Feb 14
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended December 31, 2024, Payable on March 14, 2025 Ardmore Shipping Corporation's Board of Directors declared a cash dividend on February 13, 2025, of $0.08 per common share for the quarter ended December 31, 2024. The dividend will be paid on March 14, 2025, to all shareholders of record on February 28, 2025. Declared Dividend • Nov 09
Third quarter dividend of US$0.18 announced Shareholders will receive a dividend of US$0.18. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 8.7%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 45% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.55 (vs US$0.49 in 3Q 2023) Third quarter 2024 results: EPS: US$0.55 (up from US$0.49 in 3Q 2023). Revenue: US$96.1m (up 11% from 3Q 2023). Net income: US$23.3m (up 14% from 3Q 2023). Profit margin: 24% (in line with 3Q 2023). Revenue is forecast to decline by 26% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 07
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended September 30, 2024, Payable on December 13, 2024 Ardmore Shipping Corporation declared a cash dividend on November 6, 2024 of $0.18 per common share for the quarter ended September 30, 2024. The dividend will be paid on December 13, 2024, to all shareholders of record on November 29, 2024. Annuncio • Oct 24
Ardmore Shipping Corporation to Report Q3, 2024 Results on Nov 06, 2024 Ardmore Shipping Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 06, 2024 Annuncio • Aug 31
Ardmore Shipping Corporation has filed a Follow-on Equity Offering in the amount of $50 million. Ardmore Shipping Corporation has filed a Follow-on Equity Offering in the amount of $50 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Declared Dividend • Aug 02
Second quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 53% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$1.48 (vs US$0.57 in 2Q 2023) Second quarter 2024 results: EPS: US$1.48 (up from US$0.57 in 2Q 2023). Revenue: US$121.3m (up 32% from 2Q 2023). Net income: US$61.8m (up 161% from 2Q 2023). Profit margin: 51% (up from 26% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 25% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 31
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended June 30, 2024, Payable on September 13, 2024 The Board of Directors of Ardmore Shipping Corporation declared a cash dividend on July 31, 2024 of $0.38 per common share for the quarter ended June 30, 2024. The dividend will be paid on September 13, 2024, to all shareholders of record on August 30, 2024. Annuncio • Jul 18
Ardmore Shipping Corporation to Report Q2, 2024 Results on Jul 31, 2024 Ardmore Shipping Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 31, 2024 Upcoming Dividend • May 25
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €19.44, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 458% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.32 per share. Declared Dividend • May 10
First quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 17% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. Annuncio • May 09
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended March 31, 2024, Payable on June 14, 2024 The board of directors of Ardmore Shipping Corporation declared a cash dividend on May 8, 2024 of $0.31 per common share for the quarter ended March 31, 2024. The dividend will be paid on June 14, 2024, to all shareholders of record on May 31, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.93 (vs US$1.06 in 1Q 2023) First quarter 2024 results: EPS: US$0.93 (down from US$1.06 in 1Q 2023). Revenue: US$106.3m (down 10% from 1Q 2023). Net income: US$38.4m (down 11% from 1Q 2023). Profit margin: 36% (in line with 1Q 2023). Revenue is forecast to decline by 22% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Annuncio • May 05
Ardmore Shipping Corporation, Annual General Meeting, Jun 17, 2024 Ardmore Shipping Corporation, Annual General Meeting, Jun 17, 2024, at 10:00 Atlantic Standard Time. Location: belvedere building 69 pitts bay road, ground floor pembroke hm08 Pembroke Bermuda Agenda: To elect two class ii directors to its board of directors for a term of three years; and to transact such other business as may properly come before the annual meeting. Annuncio • Apr 26
Ardmore Shipping Corporation to Report Q1, 2024 Results on May 08, 2024 Ardmore Shipping Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 New Risk • Mar 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • Feb 21
Upcoming dividend of US$0.21 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$2.76 (vs US$3.63 in FY 2022) Full year 2023 results: EPS: US$2.76 (down from US$3.63 in FY 2022). Revenue: US$396.0m (down 11% from FY 2022). Net income: US$113.4m (down 16% from FY 2022). Profit margin: 29% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 24% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 15
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended December 31, 2023, Payable on March 15, 2024 Ardmore Shipping Corporation declared a cash dividend on February 15, 2024 of $0.21 per common share for the quarter ended December 31, 2023. The dividend will be paid on March 15, 2024, to all shareholders of record on February 29, 2024. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.16 per share at 4.8% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%). Annuncio • Nov 08
Ardmore Shipping Corporation Announces Cash Dividend for the Quarter Ended September 30, 2023, Payable on December 15, 2023 Ardmore Shipping Corporation announced that he company's Board of Directors declared a cash dividend on November 7, 2023, of $0.16 per common share for the quarter ended September 30, 2023. The dividend will be paid on December 15, 2023, to all shareholders of record on November 30, 2023. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Oct 25
Ardmore Shipping Corporation to Report Q3, 2023 Results on Nov 07, 2023 Ardmore Shipping Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Annuncio • Sep 06
Ardmore Shipping Corporation (NYSE:ASC) announces an Equity Buyback for $50 million worth of its shares. Ardmore Shipping Corporation (NYSE:ASC) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.19 per share at 5.7% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.5%). Annuncio • Aug 03
Ardmore Shipping Corporation Declares Cash Dividend, Payable on September 15, 2023 Ardmore Shipping Corporation declared a cash dividend on August 1, 2023, of $0.19 per common share for the quarter ended June 30, 2023. The dividend will be paid on September 15, 2023, to all shareholders of record on August 31, 2023. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$0.57 (vs US$0.82 in 2Q 2022) Second quarter 2023 results: EPS: US$0.57 (down from US$0.82 in 2Q 2022). Revenue: US$91.9m (down 14% from 2Q 2022). Net income: US$23.7m (down 18% from 2Q 2022). Profit margin: 26% (down from 27% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 36% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 21
Ardmore Shipping Corporation to Report Q2, 2023 Results on Aug 01, 2023 Ardmore Shipping Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 01, 2023 Buying Opportunity • Jul 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €13.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 56% in 2 years. Earnings is forecast to decline by 43% in the next 2 years. Upcoming Dividend • May 23
Upcoming dividend of US$0.35 per share at 11% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Annuncio • May 10
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended March 31, 2023, Payable June 15, 2023 The Board of Directors of Ardmore Shipping Corporation declared a cash dividend on May 9, 2023, of $0.35 per common share for the quarter ended March 31, 2023, based on the Company's current policy of paying out dividends on its shares of common stock equal to one-third of Adjusted Earnings, as calculated for dividends. The dividend will be paid on June 15, 2023, to all shareholders of record on May 31, 2023. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$1.06 (vs US$0.23 loss in 1Q 2022) First quarter 2023 results: EPS: US$1.06 (up from US$0.23 loss in 1Q 2022). Revenue: US$118.2m (up 87% from 1Q 2022). Net income: US$43.3m (up US$51.1m from 1Q 2022). Profit margin: 37% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 36% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be €15.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 51% in 2 years. Earnings is forecast to decline by 16% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.25, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.47 per share. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: US$3.63 (vs US$1.12 loss in FY 2021) Full year 2022 results: EPS: US$3.63 (up from US$1.12 loss in FY 2021). Revenue: US$445.7m (up 132% from FY 2021). Net income: US$135.1m (up US$173.1m from FY 2021). Profit margin: 30% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 35% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €13.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.39 per share. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.45 per share at 10.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Annuncio • Feb 15
Ardmore Shipping Corporation Declares Cash Dividend for the Quarter Ended December 31, 2022, Payable on March 15, 2023 Ardmore Shipping Corporation announced consistent with the company's capital allocation policy, the board of directors declared a cash dividend on February 14, 2023, of $0.45 per common share for the quarter ended December 31, 2022, based on the company's current policy of paying out a third of Adjusted Earnings, as calculated for dividends. The dividend will be paid on March 15, 2023, to all shareholders of record on February 28, 2023. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: US$3.63 (vs US$1.12 loss in FY 2021) Full year 2022 results: EPS: US$3.63 (up from US$1.12 loss in FY 2021). Revenue: US$445.7m (up 132% from FY 2021). Net income: US$135.1m (up US$173.1m from FY 2021). Profit margin: 30% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 43% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.50, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 4x in the Oil and Gas industry in Germany. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.46 per share. Annuncio • Jan 10
Ardmore Shipping Corporation Announces the Appointment of James Fok to the Company's Board of Directors Ardmore Shipping Corporation announced the appointment of Mr. James Fok to the Company's Board of Directors as a Class III director, and he is expected to serve on the audit and nominating committees. James Fok has more than 20 years of experience as a financial and strategic advisor to corporations and governments, with particular expertise in Asian cross-border capital markets transactions and mechanisms. From 2012 until 2021, he served as a senior executive at Hong Kong Exchanges and Clearing (HKEX), playing a major role in a number of landmark capital markets internationalization initiatives. Previously, Mr. Fok served as an investment banker at multiple bulge bracket firms in both Europe and Asia, focusing on the financial services sector. He currently serves as an Advisor to Bain & Company, is on the Advisory Board of Hex Trust, a provider of bank-grade custody for digital assets, and serves as an International Member of Ireland for Finance's Industry Advisory Committee. Mr. Fok holds a BA (Hons) in Law and Chinese from the School of Oriental & African Studies of the University of London and is a published author on the subject of Sino-American financial relations. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Kirsi Kyllikki Tikka was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.57 (vs US$0.37 loss in 3Q 2021) Third quarter 2022 results: EPS: US$1.57 (up from US$0.37 loss in 3Q 2021). Revenue: US$142.4m (up 202% from 3Q 2021). Net income: US$61.0m (up US$73.8m from 3Q 2021). Profit margin: 43% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to fall by 24% p.a. on average during the next 3 years compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Annuncio • Nov 03
Ardmore Shipping Corporation Appoints Helen Tveitan De Jong as Audit Committee Chair Ardmore Shipping Corporation is announcing that director Helen Tveitan de Jong has been appointed as Audit Committee Chair, being joined by new Audit Committee member, director Mats Berglund, and standing member Curtis Mc Williams. Helen has extensive financial and accounting experience over her 30-year career in shipping, has been a member of the Audit Committee since September 2018, and is replacing Brian Dunne, who has chosen to step down from the Board for personal reasons. The Company has benefited greatly from Brian's skills and expertise and the Board expresses its sincere him for his many years of exemplary service and collegiality on the Board and as the Audit Committee Chair.Vessel Sale and Time-Charter Back On July 14, nd July 29, 2022, the Company completed the previously announced sales of the Ardmore Sealifter and Ardmore Sealancer to Leonhardt & Blumberg, respectively. Both vessels were subsequently time-chartered back by the Company for a period of 24 months at attractive hire rates, plus one-year extension options. COVID-19 In response to the COVID-19 pandemic, many countries, ports and organizations, including those where Ardmore conducts a large part of its operations, have implemented measures to combat the outbreak, such as quarantines and travel restrictions. Such measures have caused severe trade disruptions. In addition, the pandemic has resulted and maycontinue to result in a significant decline in global demand for refined oil products. As Ardmore's business is the transportation of refined oil products on behalf of oil majors, oil traders and other customers, any significant decrease in demand for the cargo Ardmore transports could adversely affect demand for its vessels and services. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Kirsi Kyllikki Tikka was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 27
Ardmore Shipping Corporation to Report Q3, 2022 Results on Nov 02, 2022 Ardmore Shipping Corporation announced that they will report Q3, 2022 results Pre-Market on Nov 02, 2022 Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Kirsi Kyllikki Tikka was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: US$0.82 (vs US$0.24 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.82 (up from US$0.24 loss in 2Q 2021). Revenue: US$107.1m (up 127% from 2Q 2021). Net income: US$28.8m (up US$37.1m from 2Q 2021). Profit margin: 27% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 24% compared to a 141% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Jul 28
Ardmore Shipping Corporation Announces CFO Changes, Effective September 28, 2022 Ardmore Shipping Corporation announced the planned departure of its current Chief Financial Officer Paul Tivnan and appointment of new CFO Bart Kelleher, effective 28 September 2022. Bart Kelleher Biographical Information: Bart Kelleher has over 25 years of progressive experience in the maritime, finance, energy, and industrials sectors. Most recently, Mr. Kelleher served as Chief Executive Officer of Chembulk Tankers, an owner and operator of stainless-steel chemical tankers, having previously served as both Chief Strategy Officer and Chief Financial Officer of the firm. Prior to that, he was the Chief Operating Officer of Principal Maritime Management which owned and operated a fleet of Suezmax crude carriers and chemical tankers; he also functioned as acting Chief Financial Officer during the company's start-up and initial growth phases. In addition to his executive experience in the maritime energy transportation sector, Mr. Kelleher has held roles in investment banking, commercial banking, equity research, and capital markets in the maritime and energy-related industries at Bear Stearns and HSH Nordbank. Earlier in his career, he served as a deck officer onboard US-flag crude oil tankers and held management positions in both the cruise industry and with a leading naval architecture firm. Mr. Kelleher holds an MBA from Columbia Business School, an MS in Ocean Systems Management from Massachusetts Institute of Technology, and a BE in Naval Architecture from New York Maritime College. Mr. Kelleher serves as an Advisory Board Member to OrbitMI, an innovative technology firm offering advanced AI-based fleet performance management solutions. Annuncio • Jul 19
Ardmore Shipping Corporation to Report Q2, 2022 Results on Jul 27, 2022 Ardmore Shipping Corporation announced that they will report Q2, 2022 results Pre-Market on Jul 27, 2022 Reported Earnings • May 05
First quarter 2022 earnings released: US$0.23 loss per share (vs US$0.26 loss in 1Q 2021) First quarter 2022 results: US$0.23 loss per share (up from US$0.26 loss in 1Q 2021). Revenue: US$63.4m (up 39% from 1Q 2021). Net loss: US$7.85m (loss narrowed 7.6% from 1Q 2021). Over the next year, revenue is expected to shrink by 20% compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Breakeven Date Change • Feb 17
Forecast to breakeven in 2023 The 6 analysts covering Ardmore Shipping expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$20.1m in 2023. Average annual earnings growth of 123% is required to achieve expected profit on schedule. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$1.12 loss per share (down from US$0.18 loss in FY 2020). Revenue: US$192.5m (down 13% from FY 2020). Net loss: US$38.1m (loss widened US$32.0m from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 25% compared to a 66% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Feb 09
Ardmore Shipping Corporation to Report Q4, 2021 Results on Feb 15, 2022 Ardmore Shipping Corporation announced that they will report Q4, 2021 results Pre-Market on Feb 15, 2022 Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$0.37 loss per share (vs US$0.20 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$47.2m (up 4.4% from 3Q 2020). Net loss: US$12.8m (loss widened 93% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 6 analysts covering Ardmore Shipping expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$5.22m in 2022. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Reported Earnings • Jul 28
Second quarter 2021 earnings released: US$0.24 loss per share (vs US$0.41 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$47.3m (down 30% from 2Q 2020). Net loss: US$8.21m (down 160% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annuncio • Jun 18
Ardmore Shipping Corporation announced that it has received $40 million in funding from Maritime Partners, LLC On June 17, 2021, Ardmore Shipping Corporation (NYSE:ASC) closed the transaction. Reported Earnings • May 06
First quarter 2021 earnings released: US$0.26 loss per share (vs US$0.20 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: US$45.6m (down 30% from 1Q 2020). Net loss: US$8.50m (down 230% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.